Tech round-up May 2017

Funds Europe reports on some recent developments in the investment management technology and operations space, starting with Lloyds Banking Group.

Lloyds extends fund admin agreement
Lloyds Banking Group’s has signed a five-year fund administration contract extension with Bravura Solutions.

Bravura has worked with Lloyds Banking Group, one of the UK’s largest retail banks, for a number of years, providing a back office solution for registry services, investments and tax wrappers. Bravura software supports services across multiple distribution channels, including bancassurance and financial advisers for the group. 

Linedata helps Lux insurer handle large volumes
AG2R La Mondiale, Luxembourg-based life insurance company, has chosen Linedata technology to enhance the valuation process of its Luxembourg Fonds Internes Dedies (FID). The firm is using Linedata Chorus which was designed specifically for the fund accounting and administration of institutional collective portfolios.

The deal increases AG2R’s ability to handle large volumes through automation.

Mobiliar replaces legacy systems with Xentis
Switzerland’s Schweizerische Mobiliar Asset Management has implemented Profidata’s Xentis investment management system to manage assets in its insurance, pensions and fund management businesses.

Mobiliar, which manages around 20 billion Swiss francs, has effectively replaced various legacy applications and made several interfaces redundant with the new system. The system also automates numerous tasks that were previously performed manually.

Sven Rump, managing director of the asset manager, said: “We have achieved our goals of automating asset management for our insurance, pension scheme and fund management activities in just one system, and performing them efficiently.”

©2017 funds europe

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